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Market Chatter: Cleveland-Cliffs, US Carmakers Sign Multiyear Fixed-Price Steel Contracts
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Market Chatter: Cleveland-Cliffs, US Carmakers Sign Multiyear Fixed-Price Steel Contracts
Aug 15, 2025 10:33 AM

01:18 PM EDT, 08/15/2025 (MT Newswires) -- Cleveland-Cliffs ( CLF ) has signed fixed-price contracts to supply steel to multiple US carmakers, including General Motors ( GM ) , for up to three years, Bloomberg reported Friday, citing a person familiar with the matter.

Cleveland-Cliffs ( CLF ) and GM did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 10.66, Change: +0.09, Percent Change: +0.90

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